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Its because it has to. We're so far behind the 8 ball at this point if it doesn't work we are all screwed. All of society is so freaking leveraged at this poin
by from-nibly 2y ago
Its because it has to. We're so far behind the 8 ball at this point if it doesn't work we are all screwed.
All of society is so freaking leveraged at this point, something has to give.
- pas 2y ago> society is so freaking leveraged can you elaborate on this? in what sense?
- ukuina 2y agoI think they're implying AI has too much investment behind it to implode (i.e., it's "too big to fail").
- from-nibly 2y agoNot just AI. AI is just the latest in hopeful technologies to get us out of this debt rut we are in. Every time something fails to get us out it drags us deeper in.
- SoftTalker 2y ago$35T in national debt for one. At some point that house of cards is going to collapse.
- pas 2y ago... why would it? there's no magical limit, not even to debt-to-GDP ratio. as long as the state can collect taxes it can service debt. during WW2 it was also this high. the US economy is still growing. and inflation is around 3%. not the usual target 2, but it's crazy good considering the recent pandemic and land-war-in-europe "situation". eventually spending has to decrease ... or taxation to increase (US tax to GDP ratio is around 27% while OECD average is around 34%) ... and the US demographic stats are looking much better than a lot of countries'. the feeling of impending doom is definitely not great, but it's a (social) media phenomenon.